technology corridor whirlpool corporation release february 18 2010

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Page 1: Technology Corridor Whirlpool Corporation Release February 18 2010

8/14/2019 Technology Corridor Whirlpool Corporation Release February 18 2010

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FOR IMMEDIATE RELEASE – February 18, 2010 CONTACT:Mark Seckman, PresidentPriority One319.730.1420

Joe Raso, PresidentIowa City Area Development Group319.354.3939

Jill SalettaWhirlpool CorporationWhirlpool Media Line: 269.923.7405

WHIRLPOOL CORPORATION, STATE AND LOCAL IOWA OFFICIALSPARTNER TO DRIVE INVESTMENT IN AMANA, IOWA FACILITY

AMANA, IA - February 18, 2010 - Whirlpool Corporation’s Amana Division, a leading producer of refrigeratorsand the only manufacturer of the freestanding freezer-on-the-bottom configuration of refrigerators in the UnitedStates, announced today plans for a significant investment in its facility in Amana, Iowa.

“We are very pleased to announce that together with leaders from Iowa County and the state of Iowa, we’veassembled a package of financial support that will enable the Amana facility to drive improved productivity andefficiency, and support the continuing efforts of our brands to deliver a constant stream of innovation toconsumers,” said Dan Smith, Amana Division vice president.

The funding will allow Whirlpool Amana to make needed upgrades, including improvements in facilityinfrastructure, energy efficiency, equipment and processes. These changes will also help ensure that theAmana plant remains a vital member of the Amana community.

“This important work has served to further strengthen the partnership between Priority One, the Iowa City AreaDevelopment Group, Iowa County, the state of Iowa and Whirlpool Corporation and its Amana plant. We areprofoundly grateful to everyone involved in the discussions and outcome that benefits our employees, ourbusiness and the community,” said Jeff Noel, vice president, corporate and public affairs, Whirlpool Corporation.

“This announcement is significant not only for Amana, but for the entire Cedar Rapids/Iowa City region,” saidMark Seckman, president of Priority One. “Whirlpool Corporation’s long history of success in Amana hascreated an outstanding local supplier base, experienced technology resources, and excellent employmentopportunities that benefit all the surrounding communities.”

Additionally, Whirlpool announced that the Amana plant will begin production of 50-lb icemakers later this year,which will transition from the company’s Evansville, Indiana facility. Whirlpool identified the consolidation of theicemaker production into the Amana site as an opportunity to further leverage best cost, best quality and bestasset utilization. The product transition will create 60 new jobs at the Amana plant.

“Considering the scope of this project and Whirlpool’s global footprint, we are pleased they have decided tomanufacture the 50-lb ice maker here,” said Joe Raso, president of the Iowa City Area Development Group.“We’re confident that the quality, productivity and capability of our workforce and region will benefit WhirlpoolCorporation’s customer base for years to come.”

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About Iowa City Area Development Group:The Iowa City Area Development Group (ICAD Group) provides economic development and workforcedevelopment services for primary sector companies in the Iowa City metropolitan area. From businessexpansion and attraction to workforce recruitment and retention, ICAD Group is an economic driver for thebusinesses and communities.

About Priority One:Priority One, the Economic Development Division of the Cedar Rapids Chamber of Commerce, is a private-public partnership created by business and community leaders. It promotes economic growth and prosperity inthe Cedar Rapids area through the expansion of existing basic sector businesses and the attraction of newinterstate commerce industries that further diversify the area economy.

About Whirlpool Corporation:Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annualsales of approximately $17 billion in 2009, 67,000 employees, and 67 manufacturing and technology researchcenters around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp,Consul, Bauknecht and other major brand names to consumers in nearly every country around the world.Additional information about the company can be found at http://www.whirlpoolcorp.com.

Originally founded in 1934, the Amana Division is a leading producer of refrigerators with the freezer on thebottom. This division is the only manufacturer of this configuration of refrigerators in the United States. .